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Aug 29, 2013
08/13
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implications for detroit, a judge ruled the city of san bernardino is okayed for chapter 9. the biggest issue is pension costs, accounting for about 80% of its annual budget. at a nationwide strike of fast food workers is set for today. workers calling for higher wages. that's what this strike is all about. organizers are pushing for pay of $15 an hour, that's more than double the federal men mum wage of $7.25. joe. >> if you then said, okay, a third, we'll do that, but 40% of you will no longer have that. >> we're talking about. >> down that will work? if you said, okay, we'll do that, but only 40% of you will no longer have the job. >> i think they will be very unhappy. >> they'd say no, never mind. up next, currency itself, a rare studio appearance by bori boris schlassberg. it would be weird that someone mentioned we could be ike and tina. >> i was trying to keep that off if shelf. >> what investors can expect in september. "squawk box" will be right back. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can a
implications for detroit, a judge ruled the city of san bernardino is okayed for chapter 9. the biggest issue is pension costs, accounting for about 80% of its annual budget. at a nationwide strike of fast food workers is set for today. workers calling for higher wages. that's what this strike is all about. organizers are pushing for pay of $15 an hour, that's more than double the federal men mum wage of $7.25. joe. >> if you then said, okay, a third, we'll do that, but 40% of you will no...
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Aug 16, 2013
08/13
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. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the town considering taking back through em90 domain? >> that's not really what i'm talking about. it's more about the fight between the pensioners and the hoerlsd and the rest of the players in these situations. >> it could happen on a federal level. you are talking a 30-year bond. it's a long time to hold out. >> definitely. at 10%. that's a crazy number. so my.is the that any sort of normalization of these markets will see those, a nice inflation and total return in a i'm in like that. so we like those things. there are more and more of th
. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the...
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Aug 19, 2013
08/13
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. >>> a deadline looming in the detroit bankruptcy case. any objections to the city's bankruptcy filing have to be filed by 11:59 p.m. eastern time tonight. so far the only ones who filed legal objections have been former city workers. a court hearing to determine if detroit can file for chapter 9 bankruptcy is scheduled for late october. i know joe has been working on his filing. >> on what? >> bankruptcy filing? >> eventually. >> in dodd-frank. barry is here. we can ask him. >> did you read that? >> you have an idea. >> you must love that. >> where are we in terms of i don't know how you want to measure it? baseball games. >> 50 years. >> in terms of what's written? >> yes, but some people would say that the 50% that is not done is a horrible piece. >> we've also gone from 800 pages to 9,000 pages to get halfway done? >> exactly. >> and it was a 2010 law, and then you have obama care, the other big piece of legislation. 60 or 70%. >> two crappy weeks we're coming off. how bad it was. let's get some outlooks from our panel. joining us now
. >>> a deadline looming in the detroit bankruptcy case. any objections to the city's bankruptcy filing have to be filed by 11:59 p.m. eastern time tonight. so far the only ones who filed legal objections have been former city workers. a court hearing to determine if detroit can file for chapter 9 bankruptcy is scheduled for late october. i know joe has been working on his filing. >> on what? >> bankruptcy filing? >> eventually. >> in dodd-frank. barry is here....
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Aug 23, 2013
08/13
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it metro detroit be better fixed with competition. >> i think what has to happen is the changes have to reopen those stocks. if the other exchanges have to reopen nasdaq listed stocks to give people a chance to get out say the last 15 or 30 minutes of the day, i think that's the way to solve that problem. >> because the issue was not that you couldn't trade. this was not i put in the order, it doesn't get executed. there was no pricing data, so you are nervous about putting in the order. you don't know the what the trice price is on the other side. >> price is truth. if you don't know what truth is, you can't trade. in this case. >> there are different truths we know. different fold, different exchanges. >> some of the trades could have listed nasdaq stocks. i think that's the first thing that needs to happen is, the exchanges need to get together and say if this happens on stocks are listed on a particular exchange, we give them a chance to come back up. if they can't come back up, we will come back up the last 50 or 30 minutes of the day so people can get up. >> during flash crash,
it metro detroit be better fixed with competition. >> i think what has to happen is the changes have to reopen those stocks. if the other exchanges have to reopen nasdaq listed stocks to give people a chance to get out say the last 15 or 30 minutes of the day, i think that's the way to solve that problem. >> because the issue was not that you couldn't trade. this was not i put in the order, it doesn't get executed. there was no pricing data, so you are nervous about putting in the...
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Aug 26, 2013
08/13
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chances for storms on the increase from detroit, syracuse, back towards that 95 corridor. our last stop takes us into the southwest. tropical moisture meaning more showers and storms for the day. and some of these storms could produce some flash flooding issues. we'll have to keep a quick eye on these. more "squawk box" coming back in just a bit. >>> time now for the executive edge. it's a daily segment focusing on giving business leaders a leg up. our first story comes from cnbc's own larry kudlow where he says a key insider source tells him that geithner has been leading the search for ben bernanke's replacement as fed chairman. and larry points out the same source predicted a larry summers boom well before summers' name became public. and now the source says the only way to end the fighting between hopefuls yellen and summers is to find a third option, and that option is said to include geithner. along with former fed insider don kohn. what do you think? geithner running the fed? >> okay. i have been told repeatedly -- repeatedly, because this geithner idea has been flo
chances for storms on the increase from detroit, syracuse, back towards that 95 corridor. our last stop takes us into the southwest. tropical moisture meaning more showers and storms for the day. and some of these storms could produce some flash flooding issues. we'll have to keep a quick eye on these. more "squawk box" coming back in just a bit. >>> time now for the executive edge. it's a daily segment focusing on giving business leaders a leg up. our first story comes from...
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Aug 27, 2013
08/13
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really crossing wisconsin into lower michigan, holding together here for us, trying to make a run for detroit. so, maybe a little later this morning a few rumbles of thunder will be sneaking in there, and that's actually going to be the zone where we could be looking for some severe storms. anywhere in the red, central wisconsin back down across into portions of the upper ohio valley. we'll look for the main threats to be damaging winds and a bit of hail, but we can't completely rule out the isolated tornado either. south of all of that, it's the heat. that continues out there for us. we've got heat advisories, excessive heat warnings minneapolis down towards des moines. des moines's going to be a spot that we'll be talking temperatures getting up into the 100s, all thanks to this big ridge of high pressure that's in place. temperatures 10 to 20 degrees above average. so, that puts us well up into the 90s in many of these areas, and look at omaha, 100 degrees expected for today. so, a take it easy day in midwest. meanwhile, this big ridge is going to eventually slide into the south, so areas
really crossing wisconsin into lower michigan, holding together here for us, trying to make a run for detroit. so, maybe a little later this morning a few rumbles of thunder will be sneaking in there, and that's actually going to be the zone where we could be looking for some severe storms. anywhere in the red, central wisconsin back down across into portions of the upper ohio valley. we'll look for the main threats to be damaging winds and a bit of hail, but we can't completely rule out the...